Will increased fish supply ease price hikes in flood-hit states?

Question

Accepted Answer

Increased Fish Supply Aimed at Stabilising Prices in Flood-Affected States

The Malaysian Fisheries Development Authority (LKIM) has directed national and state fishermen associations to boost fish supply to flood-affected regions. This initiative seeks to guarantee sufficient availability and mitigate potential price increases for consumers in states such as Johor, Pahang, Terengganu, and Kelantan, which have been experiencing adverse weather conditions.
LKIM Directs Supply Increase to Flood-Hit Areas

LKIM has issued clear instructions to both National Fishermen Associations (Nekmat) and state-level fishermen associations to enhance the volume of fish being sent to areas impacted by recent flooding. The primary objective of this directive is to ensure that essential food supplies remain accessible and affordable for the communities affected by the monsoon season and subsequent floods.
Assurance of Adequate Fish Stock

The chairman of LKIM, Muhammad Faiz Fadzil, has provided assurances that the authority anticipates having sufficient fish stock to meet demand in the flood-affected states. He specifically mentioned that efforts would be made to deliver fresh frozen fish, also referred to as 'Q fish', to these regions during the monsoon period, even though local fishing activities might have been disrupted.
Warning Against Price Gouging

Muhammad Faiz has issued a stern warning to traders and middlemen against exploiting the situation by artificially inflating fish prices in the flood-affected states. He acknowledged that there isn't a single governing body with the authority to set fish prices, thus highlighting the necessity for collaboration with the Ministry of Domestic Trade and Consumer Affairs to prevent significant price hikes.
Potential Measures for Domestic Supply

In broader terms of ensuring domestic availability, the government is considering measures such as limiting fish exports. This potential action would be particularly relevant for popular local varieties, aiming to secure adequate supply for the domestic market, especially during peak festive seasons when demand typically rises.

Reading history

Hide →

This history is cleared when the page is closed.

Will increased fish supply ease price hikes in flood-hit states?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

9

0

0

Share with friends